Worldwide Demand for Energy Monitor Market Is Expected to Increase at a CAGR of 6% by 2023-2029 |Efergy Technologies Limited, ABB Group, Cisco Systems, General Electric Company
The latest study released on the Global Energy Monitor Market by Marketinsightsreports evaluates market size, trend, and forecast to 2029. The Energy Monitor market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
The Global Energy Monitor Market is projected to reach USD 5.1 billion by 2029 from an estimated USD 3.7 billion in 2023, at a CAGR of 6% during the forecast period.
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Key Players in This Report Include: Efergy Technologies Limited, ABB Group, Cisco Systems, General Electric Company, Honeywell International, IBM Corporation, Schneider Electric, Siemens, Broadcom, Eaton Corporation, Emerson Process Management, Shenzhen Sailwider Electronics, Sailwider Electronics
KEY INDUSTRY DEVELOPMENTS:
In October 2021, Siemens Smart Infrastructure and its partners, Sagemcom and Bite Lietuva announced to participate in the rollout of 1.2 million smart meters all across Lithuania. The company will provide the distribution system operator of Lithuania with an EnergyIP meter data management system as a maintenance service for 10 years.
August 2021 – Siemens and Tata Power Delhi Distribution Ltd announced the deployment of smart metering technology for over 200,000 smart meters in North Delhi. These smart meters will be installed and commissioned by Siemens.
In March 2020, Schneider Electric announced expansion of the PowerLogic ION9000 series power meter range with the PowerLogic ION9000T. The new ION9000T based on the PowerLogic platform adds high-speed transient capture capabilities, helping critical facilities avoid equipment damage, outages, interruption, and failure of operations.
The Global Energy Monitor Market segments and Market Data Break Down are illuminated below:
Energy Monitor Market Segments by Type:
On the basis of Type, the market is segmented into In-House Display, Smart Thermostat, Smart Plug, and Others. The In-House Display segment is anticipated to grow at the highest CAGR during the forecast period.
In-House Display
Smart Thermostat
Smart Plug
Others
In-House Display Energy Monitors (IHDs) are devices that provide feedback on electricity consumption.They display the amount of power being consumed in real-time or near real-time, and some IHDs canalso be used to view historical electricity consumption data. A smart thermostat is a temperatureregulating device that helps to automate the heating and cooling system in a house or office thusreducing energy consumption. Smart Plug Energy Monitor is a device that helps to save energy andmoney by monitoring the power consumption of appliances plugged into it. It can be used in residential,commercial, and industrial settings.
Energy Monitor Market Segments by Application:
On the basis of Application, the market has been divided into Residential, Commercial, and Industrial.
The Residential segment is expected to grow at the highest CAGR during the forecast period.
Residential
Commercial
Industrial
Energy Monitors can be used in the residential sector for applications such as monitoring electricity consumption, tracking energy bills & payments, analyzing past energy consumption patterns, and comparing real-time energy prices. In Commercial Sector, Energy Monitor can be used for applications such as load shedding, demand response management, building performance management, and tenant billing. Large commercial buildings have started to install Energy Monitors to manage their electricity consumption more efficiently. Industrial Sector is one of the major consumers of electricity. In order to reduce their electricity consumption and costs, industries are installing Energy Monitors.
Objectives of the Report
-To carefully analyze and forecast the size of the Energy Monitor market by value and volume.
-To estimate the market shares of major segments of the Energy Monitor
-To showcase the development of the Energy Monitor market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Energy Monitor market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Energy Monitor
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Energy Monitor market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Browse Complete Summary and Table of Content:
Table of content:
Chapter 1: Energy Monitor Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by key players
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Energy Monitor Market Forecast
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– Uncertainty about the Energy Monitor market future: Our research and insights help our customers predict the upcoming revenue pockets and growth areas.
– Understanding market sentiments: It is very important to have a fair understanding of market sentiment for your strategy. Our insights will help you see every single eye on Energy Monitor market sentiment. We maintain this analysis by working with key opinion leaders on the value chain of each industry we track.
– Understanding the most reliable investment center: Our research evaluates investment centers in the market, taking into account future demand, profits, and returns. Clients can focus on the most prestigious investment centers through Energy Monitor market research.
– Evaluating potential business partners: Our research and insights help our clients in identifying compatible business partners.
We offer customization on report based on customer’s specific requirement:
– country-level analysis for the 5 countries of your choice.
– competitive analysis of 5 key market players.
– 40 free analyst hours to cover any other data point.
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